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AAPL

Apple Inc. (NASDAQ:AAPL) has seen its revenue decline for three consecutive quarters, with a 1.4% drop in the recent quarter. iPhone sales, which account for nearly half of Apple's total earnings, fell by 2.4%. The Chinese government's decision to stop its workers from using iPhones could further impact sales, as nearly 19% of Apple's total sales come from Greater China. However, Apple's services revenue increased by 8% and iPhone sales in emerging markets like India have been strong. Apple plans to launch the Vision Pro virtual reality goggles in 2024.

Portfolio Pulse from Bibhu Pattnaik

September 17, 2023 | 4:43 pm

AAPL

DISH

Apple Inc. (AAPL) made several announcements last week, including the launch of iPhone 15 and new products. US wireless carriers AT&T Inc. (T), T-Mobile US Inc., and DISH Network Corp. (DISH) are offering promotions for the new iPhone. Apple also introduced a new USB-C to Lightning Adapter and a discounted MacBook Pro. However, there are concerns about potential damage to the iPhone 15 if charged with an incompatible charger.

Portfolio Pulse from Benzinga Neuro

September 17, 2023 | 2:28 pm

ETSY

Cassiy Johnson has leveraged Etsy Inc's marketplace to create a successful business empire, crafting T-shirt designs. Johnson's business, which started during the early days of the pandemic, has garnered a total revenue of $766,400, with a significant portion being net profit. Johnson's business model is based on a 'print-on-demand' methodology, which involves crafting designs for T-shirts using blank templates and forwarding the designs to manufacturers once an order is placed.

Portfolio Pulse from Bibhu Pattnaik

September 17, 2023 | 2:00 pm

GOOGL

META

MSFT

This week in AI, Elon Musk expressed concerns about OpenAI’s relationship with Microsoft and the influence of tech giants like Microsoft and Google on AI. Google is nearing the release of its Gemini AI, a response to OpenAI’s GPT-4. Mark Zuckerberg’s Meta is developing a new AI system to compete with OpenAI’s GPT-4. Goldman Sachs analyst Kash Rangan reiterated a Buy rating on Microsoft, foreseeing a potential doubling of EPS by FY27, backed by AI and cloud services. Musk and Zuckerberg, along with other industry leaders, discussed the need for AI regulation in the U.S.

Portfolio Pulse from Benzinga Neuro

September 17, 2023 | 1:01 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) has produced its five-millionth car, a Model 3 manufactured at the Giga Shanghai facility. This milestone was achieved just over six months after the production of the four-millionth vehicle. Tesla is leading the electric vehicle market and aims to deliver 1.8 million units this year. Despite uncertain economic conditions, Tesla has been reducing prices to drive volume, which has triggered a series of price cuts in the industry. Tesla's production efficiency and vertically integrated business allow it to lower prices without significantly impacting margins.

Portfolio Pulse from Shanthi Rexaline

September 17, 2023 | 1:00 pm

TSLA

Tesla announced on Twitter that it has produced its 5 millionth car, thanking its owners for their ongoing support.

Portfolio Pulse from Charles Gross

September 17, 2023 | 12:03 pm

AMZN

WMT

TikTok, owned by ByteDance, is launching a month-long discount spree on its newly launched marketplace Shop, offering up to 50% discounts to compete with Amazon and Walmart during the holiday season. The company aims to achieve $20 billion in global merchandise sales this year. TikTok's marketplace allows select users to tag and sell products directly through their videos. Amazon's and Walmart's Black Friday sales are expected to kick off on Thanksgiving Day and run through Nov. 24.

Portfolio Pulse from Nabaparna Bhattacharya

September 16, 2023 | 4:53 pm

FFIE

NKLA

RIVN

TSLA

VWAGY

Electric vehicle (EV) stocks saw gains this week, with Tesla (TSLA) benefiting from an upgrade by Morgan Stanley and the potential of its Dojo supercomputer. Tesla's Giga Mexico construction could start soon, and the company is planning to raise $1.8 billion through securitization of its electric car leases. Nikola (NKLA) CEO Steve Girsky addressed concerns over a recall of its battery-electric trucks, stating it does not affect production or deliveries of the fuel-cell electric vehicle. Rivian (RIVN) held its own in the EV market, with registrations for its vehicles increasing in July. Faraday Future (FFIE) saw a jump in shares after a video of a reality TV personality taking delivery of his FF 91 2.0 Futurist Alliance. Volkswagen (VWAGY) plans to cut staff due to low demand for electric cars.

Portfolio Pulse from Shanthi Rexaline

September 16, 2023 | 1:05 pm

AAPL

Apple Inc. CEO Tim Cook has discussed the challenging process of selecting a color for his iPhone 15 Pro Max. The iPhone 15 Pro models are the first devices by Apple to feature a titanium chassis with a redesigned aluminum interior. Cook admitted that deciding the color was no easy task.

Portfolio Pulse from Ananya Gairola

September 16, 2023 | 12:52 pm

TSLA

Tesla, Inc.'s Cybertruck reservations have surpassed 2 million as the commercial launch nears. The company missed the initial launch deadline due to the COVID-19 pandemic and other geopolitical tensions. Reservations doubled from one million in May 2021. Future Fund's Gary Black expects the Cybertruck launch to significantly boost Tesla's sales volume, similar to the Model Y EV launch.

Portfolio Pulse from Shanthi Rexaline

September 16, 2023 | 8:55 am